Bloomberg BNA Webinar to Examine Federal Estate Tax Form 706

May 30, 2012 (06:05 PM EDT)

Tax Practitioner Keith Schiller to Discuss Commonly Missed Opportunities That Can Save Taxpayers Millions

ARLINGTON, Va., May 30, 2012 /PRNewswire-USNewswire/ --  The unique challenges presented by Form 706 compliance shouldn't prevent estate tax practitioners from capitalizing on the significant opportunities that exist, according to Keith Schiller of the Schiller Law Group, who will speak at a Bloomberg BNA webinar on the subject, Form 706: A Line-By-Line Discussion, May 31 from 12:30 p.m.2:00 p.m. (ET).


"By being prepared for the curveballs and aware of the commonly missed opportunities on Form 706, preparers can put together highly effective estate tax returns and save their clients millions of dollars," says Dr. Schiller.

Urging attendees to submit their questions at any time during the 90 minute program, Schiller will start with an in-depth, line-by-line breakdown of Form 706.  Some of the components to be analyzed include:

  • Schedule G: Authority of durable powers of attorney; outstanding checks; living trust reporting; and Intentionally Defective Grantor Trusts (IDGT)
  • Schedule H: 5/5 powers and pros and cons of general powers of appointment
  • Schedule M: Alternative reporting of the marital deduction
  • Schedule O: Charitable deduction checklist in connection with the Generation Skipping Transfer Tax (GST) election
  • Schedule R: Reverse Qualified Terminable Interest Property (QTIP) elections

Keith Schiller, Esq., is the principal at the Schiller Law Group in Orinda, California. He has 36 years of experience with estate, gift, and GST tax planning and compliance, estate planning, and business succession planning. Schiller works with individual clients and consults with estate planning, trust administration, and tax practitioners throughout California. He is a member of the Bloomberg BNA advisory board for the Estates, Gifts and Trusts Journal, and the consulting group for the Leimberg Information Services®, Inc. newsletter. He has taught estate tax compliance since 1989 and has twice received the Award for Outstanding Course Materials from the CalCPA Education Foundation, including a 2010-2011 recognition for Estate Planning At The Movies™ — Art of the Estate Tax Return.

Form 706: A Line-By-Line Discussion takes place May 31, 2012 from 12:30 p.m.2:00 p.m. (ET). To register for this webinar and obtain further information about CLE and CPE credits, go to or (in the U.S.) call 800.372.1033, menu Option 6, then Option 1. The per site fee is just $249.

About Bloomberg BNA Webinars 

Bloomberg BNA is the foremost source of tax and accounting research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants.  Designed for today's busy practitioners, our webinars offer the same expertise and relevance that are the hallmark of all Bloomberg BNA resources. In just 60-90 minutes, practitioners gain in-depth knowledge on a current tax or accounting topic from experts in that area — and benefit from practical applications that can be put to work immediately. Conference attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits — all from the convenience of their own office or conference room.

About Bloomberg BNA       

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SOURCE Bloomberg BNA